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BCRUA-2025-031 - 10/22/2025Quarterly Investment Report BRUSHY CREEK RUA AS OF SEPTEMBER 30, 2025 2 OBSERVATIONS AND EXPECTATIONS •Fed lowered the Fed Funds rate by .25% at the September 17th meeting •Labor market continued to show signs of slowing as 22,000 jobs were created in September •U.S. Treasury rates were generally lower for the month of September •GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 •Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 •The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 •The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. •The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 •The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. •Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. •Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. •Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. •Core excludes food and energy components, which generally make the series less volatile. •Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 19 4 8 19 5 0 19 5 3 19 5 6 19 5 9 19 6 1 19 6 4 19 6 7 19 7 0 19 7 2 19 7 5 19 7 8 19 8 1 19 8 3 19 8 6 19 8 9 19 9 2 19 9 4 19 9 7 20 0 0 20 0 3 20 0 5 20 0 8 20 1 1 20 1 4 20 1 6 20 1 9 20 2 2 20 2 5 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% De c - 1 9 Ma r - 2 0 Ju n - 2 0 Se p - 2 0 De c - 2 0 Ma r - 2 1 Ju n - 2 1 Se p - 2 1 De c - 2 1 Ma r - 2 2 Ju n - 2 2 Se p - 2 2 De c - 2 2 Ma r - 2 3 Ju n - 2 3 Se p - 2 3 De c - 2 3 Ma r - 2 4 Ju n - 2 4 Se p - 2 4 De c - 2 4 Ma r - 2 5 Ju n - 2 5 Se p - 2 5 Core PCE YoY 43SOURCES: BLOOMBERG (19) (29) (26) (34)(32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -5 0 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Ba s i s P o i n t s Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Pe r c e n t U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance Certification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments com- ply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Sector AllocationMaturity Distribution • 1 LGIP 54.91%• 1 Bank Deposits 20.01%• 1 Money Market Funds 9.85%• 1 Commercial Paper 7.90%• 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS)($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS)0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS)$11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS)$17,570.47 WEIGHTED AVERAGE MATURITY (YEARS)0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 - CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 - CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 - ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 - LEAN- DER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 - ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 - CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summary By Fund BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01%1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91%1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85%1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90%47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32%250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00%23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 - CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 - CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 - ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 - LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 - ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 - CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Con- struction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 - CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF - C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PA- PER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AA- U.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 - CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 - CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 - CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 - ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 - ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 - LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 - LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 - ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 - ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 - CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 - CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Op- erating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCK- ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCK- ESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 - CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 - CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09)3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09)3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00)5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00)5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization Schedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83)6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22)4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67)5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00)0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22)6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94)23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94)23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest Schedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 - CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09)9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF - C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09)113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 - CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 - ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 - LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 - ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest Schedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 - CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09)1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 - CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF - C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 - CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 - ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 - LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 - ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 - CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 - CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 - CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11)474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11)474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 - CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00)(4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97)(2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF - C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97)(2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 - CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 - ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72)(2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72)(2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 - LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 - ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69)(3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69)(3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 - CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25)(556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25)(505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74)(7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. 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Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies. Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold. Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported. Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. © 2024 Meeder Investment Management meederpublicfunds.com | 866.633.3371 Disclosure Quarterly Investment Report BRUSHY CREEK RUA A S O F S E P T E M B E R 3 0, 2 0 2 5 EXHIBIT “A” 2 OBSERVATIONS AND EXPECTATIONS • Fed lowered the Fed Funds rate by .25% at the September 17th meeting • Labor market continued to show signs of slowing as 22,000 jobs were created in September • U.S. Treasury rates were generally lower for the month of September • GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 • Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 • The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026 • The Fed Funds futures market is expecting the Fed Funds rate to end 2025 at about 3.6% and 2026 at approximately 3.0%. • The Fed is watching both of their mandates (employment and inflation) closely to determine the path of Fed Funds. They say the risk is more tilted to slower job growth. 2 SOURCES: BLOOMBERG 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months Fed Funds Futures Yields 3 • The current unemployment rate of 4.3% has moved up from earlier this year but remains low by historical standards. • Lower immigration during 2025 has clouded the conclusions from lower nonfarm payrolls. • Economists estimate not as many jobs are needed as compared to the previous few years to keep the unemployment rate low. • Core Personal Consumption Expenditure YoY is the Fed’s preferred inflation gauge. • Core excludes food and energy components, which generally make the series less volatile. • Core PCE YoY is currently at 2.9% and has been above the Fed’s 2% target for 54 consecutive months. 3 SOURCES: BLOOMBERG SOURCES: BLOOMBERG 00.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 2% 4% 6% 8% 10% 12% 14% 16% 1948 1950 1953 1956 1959 1961 1964 1967 1970 1972 1975 1978 1981 1983 1986 1989 1992 1994 1997 2000 2003 2005 2008 2011 2014 2016 2019 2022 2025 U.S. Unemployment Rate 2.9% 0% 1% 2% 3% 4% 5% 6% Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core PCE YoY 3 4 SOURCES: BLOOMBERG (19) (29) (26) (34) (32) (28) (23) (15) (4) (1) -40 -35 -30 -25 -20 -15 -10 -50 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Points Basis Point Change 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Percent U.S. Treasury Yield Curve Change 9/30/25 8/29/25 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 Compliance C ertification The undersigned acknowledge they have reviewed this quarterly investment report for the period ending September 30, 2025. Officials designated as investment officers by this entity’s Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity’s Investment Policy. Sam Roberts, P.E., General Manager BRUSHY CREEK RUA | SEPTEMBER 30, 2025 6 Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 7 Portfolio Statistics Par Value $157,492,293 Principal Cost $157,086,256 Book Value $157,310,217 Market Value $157,321,304 Unrealized Gain/Loss $11,086 Accrued Interest $174,803 Portfolio Position Maturity Distribution Sector Allocation • 1 LGIP 54.91% • 1 Bank Deposits 20.01% • 1 Money Market Funds 9.85% • 1 Commercial Paper 7.90% • 1 U.S. Treasuries 7.32% 3.32 Weighted Average Yield to Maturity 0.06 Weighted Average Maturity (Years) 0.06 Portfolio Effective Duration (Years) 0.06 Weighted Average Life (Years) AA+ Average Credit Rating BRUSHY CREEK RUA SEPTEMBER 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 8 Quarterly Portfolio Summary This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act (Chapter 2256, Texas Government Code). Portfolio as of September 30, 2025 BEGINNING BOOK VALUE $164,599,369.86 BEGINNING MARKET VALUE $164,592,885.84 UNREALIZED GAIN/(LOSS) ($6,484.02) WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.50 ENDING BOOK VALUE $157,310,217.36 ENDING MARKET VALUE $157,321,303.81 INVESTMENT INCOME FOR THE PERIOD $1,446,852.53 UNREALIZED GAIN/(LOSS) $11,086.45 CHANGE IN UNREALIZED GAIN/(LOSS) $17,570.47 WEIGHTED AVERAGE MATURITY (YEARS) 0.06 WEIGHTED AVERAGE YIELD 3.32 Portfolio as of June 30, 2025 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 9 PORTFOLIO MARKET VALUE BY FUND 06/30/2025 09/30/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,408,664.92 4,882,737.46 474,072.54 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 28,599,968.09 26,525,338.39 -2,074,629.70 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK 7,550,334.22 7,631,796.12 81,461.90 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK 9,328,179.08 7,178,224.36 -2,149,954.72 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER 21,565,680.41 21,798,857.95 233,177.54 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK 18,899,918.01 19,104,334.18 204,416.17 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT 23,672,872.58 19,975,702.89 -3,697,169.69 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK 15,334,807.21 15,497,212.00 162,404.79 162,160.63 LEANDER-ESFD24 17,674,989.49 17,674,989.49 0.00 0.00 OPERATING FUNDS 4,869,860.83 4,364,499.97 -505,360.86 74,159.82 ROUND ROCK-ESFD24 12,687,611.00 12,687,611.00 0.00 0.00 TOTAL 164,592,885.84 157,321,303.81 -7,271,582.03 1,446,852.53 Quarterly Portfolio Summar y By F und BRUSHY CREEK RUA | SEPTEMBER 30, 2025 10 Portfolio Overview SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE % OF PORTFOLIO DAYS TO MATURITY YIELD Bank Deposits 31,482,461.64 31,482,461.64 31,482,461.64 20.01% 1 0.02 LGIP 86,392,619.52 86,392,619.52 86,392,619.52 54.91% 1 4.15 Money Market Funds 15,497,212.00 15,497,212.00 15,497,212.00 9.85% 1 4.03 Commercial Paper 12,500,000.00 12,430,857.50 12,430,857.50 7.90% 47 4.47 U.S. Treasuries 11,620,000.00 11,518,153.15 11,507,066.70 7.32% 250 3.95 TOTAL 157,492,293.16 157,321,303.81 157,310,217.36 100.00% 23 3.32 CASH AND ACCRUED INTEREST Purchased Accrued Interest 1,958.06 1,958.06 TOTAL CASH AND INVESTMENTS 157,492,293.16 157,323,261.87 157,312,175.42 23 3.32 TOTAL EARNINGS CURRENT QUARTER 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 11 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY CONSTRUCTION FUNDS LGIP 1 4,882,737.46 4,882,737.46 3.10 4.15 1 TOTAL 1 4,882,737.46 4,882,737.46 3.10 4.15 1 CONSTRUCTION FUNDS 2021 -CEDAR PARK Bank Deposits 1 288,738.62 288,738.62 0.18 0.64 1 LGIP 1 2,287,589.12 2,287,589.12 1.45 4.15 1 Commercial Paper 2 12,500,000.00 12,430,857.50 7.90 4.47 47 U.S. Treasuries 2 11,620,000.00 11,507,066.70 7.39 3.95 250 TOTAL 6 26,696,327.74 26,514,251.94 16.86 4.17 131 CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP 1 7,631,796.12 7,631,796.12 4.85 4.15 1 TOTAL 1 7,631,796.12 7,631,796.12 4.85 4.15 1 CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP 1 7,178,224.36 7,178,224.36 4.56 4.15 1 TOTAL 1 7,178,224.36 7,178,224.36 4.56 4.15 1 CONSTRUCTION FUNDS 2024 -LEANDER LGIP 1 21,798,857.95 21,798,857.95 13.85 4.15 1 TOTAL 1 21,798,857.95 21,798,857.95 13.86 4.15 1 CONSTRUCTION FUNDS 2024 -ROUND ROCK LGIP 1 19,104,334.18 19,104,334.18 12.13 4.15 1 TOTAL 1 19,104,334.18 19,104,334.18 12.14 4.15 1 CONSTRUCTION FUNDS-2022 SWIFT LGIP 1 19,975,702.89 19,975,702.89 12.69 4.15 1 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 12 Summary by Type SECURITY TYPE # OF SECURITIES PAR VALUE BOOK VALUE % OF PORTFOLIO YIELD DAYS TO FINAL MATURITY TOTAL 1 19,975,702.89 19,975,702.89 12.70 4.15 1 ESCROW FUNDS 2021 -CEDAR PARK Money Market Funds 1 15,497,212.00 15,497,212.00 9.84 4.03 1 TOTAL 1 15,497,212.00 15,497,212.00 9.85 4.03 1 LEANDER-ESFD24 Bank Deposits 1 17,674,989.49 17,674,989.49 11.23 0.00 1 TOTAL 1 17,674,989.49 17,674,989.49 11.23 0.00 1 OPERATING FUNDS Bank Deposits 1 831,122.53 831,122.53 0.53 0.64 1 LGIP 1 3,533,377.44 3,533,377.44 2.24 4.15 1 TOTAL 2 4,364,499.97 4,364,499.97 2.77 3.48 1 ROUND ROCK-ESFD24 Bank Deposits 1 12,687,611.00 12,687,611.00 8.06 0.00 1 TOTAL 1 12,687,611.00 12,687,611.00 8.06 0.00 1 GRAND TOTAL 17 157,492,293.16 157,310,217.36 100.00 3.32 23 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 13 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS LGIP TEXSTAR-MC TexStar Master Construction 09/30/2025 09/30/2025 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA LGIP TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 1.00 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS TOTAL 4,882,737.46 4,882,737.46 0.00 4,882,737.46 4.15 1 4,882,737.46 0.00 4,882,737.46 3.10 NA CONSTRUCTION FUNDS 2021 -CEDAR PARK BANK DEPOSITS 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 09/30/2025 09/30/2025 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA NA BANK DEPOSITS TOTAL 288,738.62 288,738.62 0.00 288,738.62 0.64 1 1.00 288,738.62 0.00 288,738.62 0.18 NA LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA LGIP TOTAL 2,287,589.12 2,287,589.12 0.00 2,287,589.12 4.15 1 1.00 2,287,589.12 0.00 2,287,589.12 1.45 NA COMMERCIAL PAPER 85520LYE9 STARBIRD FUND 11/14/25 05/16/2025 05/20/2025 6,000,000.00 5,870,653.33 0.00 5,870,653.33 4.46 11/14/2025 45 99.47 5,968,026.67 0.00 5,968,026.67 3.79 P-1 A-1 06741FYH4 BARCLAYS BNK PLC 11/17/25 05/16/2025 05/20/2025 6,500,000.00 6,356,859.17 0.00 6,356,859.17 4.48 11/17/2025 48 99.43 6,462,830.83 0.00 6,462,830.83 4.11 P-1 A-1+ COMMERCIAL PAPER TOTAL 12,500,000.00 12,227,512.50 0.00 12,227,512.50 4.47 47 99.45 12,430,857.50 0.00 12,430,857.50 7.90 AAU.S. TREASURIES 91282CGV7 US TREASURY 3.750 04/15/26 04/16/2025 04/17/2025 6,500,000.00 6,487,050.78 1,331.97 6,488,382.75 3.96 04/15/2026 197 99.95 6,496,953.13 3,944.99 6,493,008.13 4.13 Aa1 AA+ 9128282A7 US TREASURY 1.500 08/15/26 08/15/2025 08/18/2025 5,120,000.00 4,999,400.00 626.09 5,000,026.09 3.94 08/15/2026 319 98.07 5,021,200.03 7,141.46 5,014,058.56 3.19 Aa1 AA+ U.S. TREASURIES TOTAL 11,620,000.00 11,486,450.78 1,958.06 11,488,408.84 3.95 250 99.13 11,518,153.15 11,086.45 11,507,066.70 7.32 AA+ CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 26,696,327.74 26,290,291.02 1,958.06 26,292,249.08 4.17 131 26,525,338.39 11,086.45 26,514,251.94 16.86 AA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 14 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING CONSTRUCTION FUNDS 2023 -CEDAR PARK LGIP TEXSTAR-CP TexStar Cedar Park 09/30/2025 09/30/2025 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA LGIP TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 1.00 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -CEDAR PARK TOTAL 7,631,796.12 7,631,796.12 0.00 7,631,796.12 4.15 1 7,631,796.12 0.00 7,631,796.12 4.85 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA LGIP TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 1.00 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2023 -ROUND ROCK TOTAL 7,178,224.36 7,178,224.36 0.00 7,178,224.36 4.15 1 7,178,224.36 0.00 7,178,224.36 4.56 NA CONSTRUCTION FUNDS 2024 -LEANDER LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA LGIP TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 1.00 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -LEANDER TOTAL 21,798,857.95 21,798,857.95 0.00 21,798,857.95 4.15 1 21,798,857.95 0.00 21,798,857.95 13.86 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 15 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING LGIP TEXSTAR-RR TexStar Round Rock 09/30/2025 09/30/2025 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA LGIP TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 1.00 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS 2024 -ROUND ROCK TOTAL 19,104,334.18 19,104,334.18 0.00 19,104,334.18 4.15 1 19,104,334.18 0.00 19,104,334.18 12.14 NA CONSTRUCTION FUNDS-2022 SWIFT LGIP TEXSTAR-LD TexStar Leander 09/30/2025 09/30/2025 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA LGIP TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 1.00 19,975,702.89 0.00 19,975,702.89 12.70 NA CONSTRUCTION FUNDS-2022 SWIFT TOTAL 19,975,702.89 19,975,702.89 0.00 19,975,702.89 4.15 1 19,975,702.89 0.00 19,975,702.89 12.70 NA ESCROW FUNDS 2021 -CEDAR PARK MONEY MARKET FUNDS X9USDDGCM DREYFUS GVT CM;INST 09/30/2025 09/30/2025 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 Aaa AAA MONEY MARKET FUNDS TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 1.00 15,497,212.00 0.00 15,497,212.00 9.85 AAA ESCROW FUNDS 2021 -CEDAR PARK TOTAL 15,497,212.00 15,497,212.00 0.00 15,497,212.00 4.03 1 15,497,212.00 0.00 15,497,212.00 9.85 AAA LEANDER-ESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 Aaa AAA BANK DEPOSITS TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 1.00 17,674,989.49 0.00 17,674,989.49 11.23 AAA LEANDER-ESFD24 TOTAL 17,674,989.49 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 0.00 17,674,989.49 11.23 AAA BRUSHY CREEK RUA | SEPTEMBER 30, 2025 16 Position Statement CUSIP DESCRIPTION TRADE DATE SETTLE DATE PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL COST YIELD TO MATURITY MATURITY DATE DAYS TO MATURITY MARKET PRICE MARKET VALUE UNREALIZED GAIN/LOSS BOOK VALUE % OF MV MOODY'S S&P RATING OPERATING FUNDS BANK DEPOSITS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 09/30/2025 09/30/2025 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA NA BANK DEPOSITS TOTAL 831,122.53 831,122.53 0.00 831,122.53 0.64 1 1.00 831,122.53 0.00 831,122.53 0.53 NA LGIP TEXSTAR-MO TexStar Master Operating 09/30/2025 09/30/2025 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA LGIP TOTAL 3,533,377.44 3,533,377.44 0.00 3,533,377.44 4.15 1 1.00 3,533,377.44 0.00 3,533,377.44 2.25 NA OPERATING FUNDS TOTAL 4,364,499.97 4,364,499.97 0.00 4,364,499.97 3.48 1 4,364,499.97 0.00 4,364,499.97 2.77 NA ROUND ROCKESFD24 BANK DEPOSITS CCYUSD US DOLLAR 09/30/2025 09/30/2025 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 Aaa AAA BANK DEPOSITS TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 1.00 12,687,611.00 0.00 12,687,611.00 8.06 AAA ROUND ROCKESFD24 TOTAL 12,687,611.00 12,687,611.00 0.00 12,687,611.00 0.00 1 12,687,611.00 0.00 12,687,611.00 8.06 AAA GRAND TOTAL 157,492,293.16 157,086,256.44 1,958.06 157,088,214.50 3.32 23 157,321,303.81 11,086.45 157,310,217.36 100.00 AA+ BRUSHY CREEK RUA | SEPTEMBER 30, 2025 17 Cash Reconciliation Report CONSTRUCTION FUNDS 2021 -CEDAR PARK POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT BUY 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 08/15/2026 4,999,400.00 -5,000,026.09 BUY TOTAL 5,120,000.00 4,999,400.00 -5,000,026.09 POST DATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 -5,000,000.00 08/15/2025 -5,000,000.00 5,000,000.00 MATURITY TOTAL -5,000,000.00 -5,000,000.00 5,000,000.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 18 Transaction Statement CONSTRUCTION FUNDS 2021 -CEDAR PARK TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST PURCHASED INTEREST TOTAL PURCHASE YIELD BUY 08/15/2025 08/18/2025 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 BUY TOTAL 5,120,000.00 4,999,400.00 626.09 (5,000,026.09) 3.94 TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET REALIZED GAIN/LOSS MATURITY 08/15/2025 08/15/2025 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 MATURITY TOTAL (5,000,000.00) 5,000,000.00 5,000,000.00 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 19 Amortization S chedule CUSIP DESCRIPTION PAR VALUE PRINCIPAL COST ORIGINAL PREMIUM OR DISCOUNT BEGINNING BOOK VALUE CURRENT PERIOD AMORT ENDING BOOK VALUE TOTAL AMORTIZATION UNAMORTIZED BALANCE 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,356,859.17 (143,140.83) 6,390,074.17 72,756.67 6,462,830.83 105,971.66 (37,169.17) 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 5,000,000.00 4,835,477.78 (164,522.22) 4,972,375.00 27,625.00 0.00 164,522.22 0.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,870,653.33 (129,346.67) 5,901,173.33 66,853.34 5,968,026.67 97,373.34 (31,973.33) 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 4,999,400.00 (120,600.00) 0.00 14,658.56 5,014,058.56 14,658.56 (105,941.44) 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,487,050.78 (12,949.22) 6,489,726.24 3,281.90 6,493,008.13 5,957.35 (6,991.87) TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) GRAND TOTAL 29,120,000.00 28,549,441.06 (570,558.94) 23,753,348.74 185,175.46 23,937,924.20 388,483.14 (182,075.80) BRUSHY CREEK RUA | SEPTEMBER 30, 2025 20 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-09-30 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 TOTAL 4,882,737.46 4,882,737.46 0.00 0.00 55,965.56 55,965.56 0.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 2025-05-20 6,500,000.00 6,356,859.17 0.00 0.00 0.00 0.00 0.00 85520LYE9 STARBIRD FUND 11/14/25 2025-05-20 6,000,000.00 5,870,653.33 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2025-09-30 2,287,589.12 2,287,589.12 0.00 0.00 42,683.86 42,683.86 0.00 9128282A7 US TREASURY 1.500 08/15/26 2025-08-18 5,120,000.00 4,999,400.00 0.00 (626.09) 9,182.61 0.00 9,808.70 91282CGV7 US TREASURY 3.750 04/15/26 2025-04-17 6,500,000.00 6,487,050.78 51,280.74 0.00 61,270.49 0.00 112,551.23 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 2025-09-30 288,738.62 288,738.62 0.00 0.00 763.43 763.43 0.00 TOTAL 26,696,327.74 26,290,291.02 51,280.74 (626.09) 113,900.39 43,447.29 122,359.93 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 2025-09-30 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 TOTAL 7,631,796.12 7,631,796.12 0.00 0.00 81,461.90 81,461.90 0.00 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 TOTAL 7,178,224.36 7,178,224.36 0.00 0.00 94,304.29 94,304.29 0.00 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 2025-09-30 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 TOTAL 21,798,857.95 21,798,857.95 0.00 0.00 232,677.54 232,677.54 0.00 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 2025-09-30 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 21 Accrued Interest S chedule IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE PRINCIPAL COST BEGINNING ACCRUED INTEREST PURCHASED INTEREST CURRENT PERIOD ACCRUAL INTEREST RECEIVED ENDING ACCRUED INTEREST TOTAL 19,104,334.18 19,104,334.18 0.00 0.00 203,916.17 203,916.17 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-09-30 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 TOTAL 19,975,702.89 19,975,702.89 0.00 0.00 243,130.77 243,130.77 0.00 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 2025-09-30 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 TOTAL 15,497,212.00 15,497,212.00 52,686.79 0.00 162,160.63 162,404.79 52,442.63 LEANDER-ESFD24 CCYUSD US DOLLAR 2025-09-30 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS TEXSTAR-MO TexStar Master Operating 2025-09-30 3,533,377.44 3,533,377.44 0.00 0.00 72,870.21 72,870.21 0.00 2550665125 Wells Fargo Analyzed Business Checking Plus PF 2025-09-30 831,122.53 831,122.53 0.00 0.00 1,289.61 1,289.61 0.00 TOTAL 4,364,499.97 4,364,499.97 0.00 0.00 74,159.82 74,159.82 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-09-30 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 157,086,256.44 103,967.53 (626.09) 1,261,677.07 1,191,468.13 174,802.56 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 22 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4,408,664.92 4,882,737.46 09/30/2025 0.00 4.15 55,965.56 0.00 0.00 55,965.56 TOTAL 4,882,737.46 4,408,664.92 4,882,737.46 0.00 4.15 55,965.56 0.00 0.00 55,965.56 CONSTRUCTION FUNDS 2021 -CEDAR PARK 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 6,390,074.17 6,462,830.83 11/17/2025 0.00 4.48 0.00 72,756.67 0.00 72,756.67 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 288,001.28 288,738.62 09/30/2025 0.00 0.64 763.43 0.00 0.00 763.43 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4,972,375.00 0.00 08/15/2025 0.00 4.55 0.00 27,625.00 0.00 27,625.00 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 5,901,173.33 5,968,026.67 11/14/2025 0.00 4.46 0.00 66,853.34 0.00 66,853.34 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 0.00 5,014,058.56 08/15/2026 1.50 3.94 9,182.61 14,658.56 0.00 23,841.17 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 6,489,726.24 6,493,008.13 04/15/2026 3.75 3.96 61,270.49 3,281.90 0.00 64,552.39 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4,565,102.09 2,287,589.12 09/30/2025 0.00 4.15 42,683.86 0.00 0.00 42,683.86 TOTAL 26,696,327.74 28,606,452.11 26,514,251.94 1.21 4.17 113,900.39 185,175.46 0.00 299,075.85 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 7,550,334.22 7,631,796.12 09/30/2025 0.00 4.15 81,461.90 0.00 0.00 81,461.90 TOTAL 7,631,796.12 7,550,334.22 7,631,796.12 0.00 4.15 81,461.90 0.00 0.00 81,461.90 CONSTRUCTION FUNDS 2023 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 7,178,224.36 9,328,179.08 7,178,224.36 09/30/2025 0.00 4.15 94,304.29 0.00 0.00 94,304.29 TOTAL 7,178,224.36 9,328,179.08 7,178,224.36 0.00 4.15 94,304.29 0.00 0.00 94,304.29 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 21,565,680.41 21,798,857.95 09/30/2025 0.00 4.15 232,677.54 0.00 0.00 232,677.54 TOTAL 21,798,857.95 21,565,680.41 21,798,857.95 0.00 4.15 232,677.54 0.00 0.00 232,677.54 CONSTRUCTION FUNDS 2024 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 23 Earnings by Fund CUSIP DESCRIPTION ENDING PAR VALUE BEGINNING BOOK VALUE ENDING BOOK VALUE FINAL MATURITY COUPON RATE YIELD INTEREST EARNED NET AMORTIZATION/ACCRETION INCOME NET REALIZED GAIN/LOSS ADJUSTED INTEREST EARNINGS TEXSTAR-RR TexStar Round Rock 19,104,334.18 18,899,918.01 19,104,334.18 09/30/2025 0.00 4.15 203,916.17 0.00 0.00 203,916.17 TOTAL 19,104,334.18 18,899,918.01 19,104,334.18 0.00 4.15 203,916.17 0.00 0.00 203,916.17 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 23,672,872.58 19,975,702.89 09/30/2025 0.00 4.15 243,130.77 0.00 0.00 243,130.77 TOTAL 19,975,702.89 23,672,872.58 19,975,702.89 0.00 4.15 243,130.77 0.00 0.00 243,130.77 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 15,334,807.21 15,497,212.00 09/30/2025 4.04 4.03 162,160.63 0.00 0.00 162,160.63 TOTAL 15,497,212.00 15,334,807.21 15,497,212.00 4.04 4.03 162,160.63 0.00 0.00 162,160.63 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 17,674,989.49 17,674,989.49 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,989.49 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 779,857.75 831,122.53 09/30/2025 0.00 0.64 1,289.61 0.00 0.00 1,289.61 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4,090,003.08 3,533,377.44 09/30/2025 0.00 4.15 72,870.21 0.00 0.00 72,870.21 TOTAL 4,364,499.97 4,869,860.83 4,364,499.97 0.00 3.48 74,159.82 0.00 0.00 74,159.82 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 12,687,611.00 12,687,611.00 09/30/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 157,492,293.16 164,599,369.86 157,310,217.36 0.60 3.32 1,261,677.07 185,175.46 0.00 1,446,852.53 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 24 CUSIP DESCRIPTION POST DATE TRANSACTION TYPE AMOUNT CONSTRUCTION FUNDS 2021 -CEDAR PARK OCT 2025 91282CGV7 US TREASURY 3.750 04/15/26 10/15/2025 Coupon 121,875.00 OCT 2025 TOTAL 121,875.00 NOV 2025 85520LYE9 STARBIRD FUND 11/14/25 11/14/2025 Final Maturity 6,000,000.00 06741FYH4 BARCLAYS BNK PLC 11/17/25 11/17/2025 Final Maturity 6,500,000.00 NOV 2025 TOTAL 12,500,000.00 FEB 2026 9128282A7 US TREASURY 1.500 08/15/26 02/17/2026 Coupon 38,400.00 FEB 2026 TOTAL 38,400.00 APR 2026 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Coupon 121,875.00 91282CGV7 US TREASURY 3.750 04/15/26 04/15/2026 Final Maturity 6,500,000.00 APR 2026 TOTAL 6,621,875.00 CONSTRUCTION FUNDS 2021 -CEDAR PARK TOTAL 19,282,150.00 GRAND TOTAL 19,282,150.00 Projected Cashflows For the Period October 01, 2025 to March 31, 2026 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 25 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 4,882,737.46 4.15 09/30/2025 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 TOTAL 4.15 55,965.56 55,965.56 4,408,664.92 4,408,664.92 813,875.65 (339,803.11) 474,072.54 474,072.54 4,882,737.46 4,882,737.46 CONSTRUCTION FUNDS 2021 -CEDAR PARK 62479LVF9 MUFG Bank, Ltd., New York Branch 0.0 08/15/2025 0.00 4.55 11/19/2024 08/15/2025 0.00 0.00 4,972,375.00 4,972,375.00 0.00 (5,000,000.00) (4,972,375.00) (4,972,375.00) 0.00 0.00 TEXSTAR-CP TexStar Cedar Park 2,287,589.12 4.15 09/30/2025 42,683.86 42,683.86 4,565,102.09 4,565,102.09 0.00 (2,277,512.97) (2,277,512.97) (2,277,512.97) 2,287,589.12 2,287,589.12 1550578940CP Wells Fargo Analyzed Business Checking Plus PF -C 288,738.62 0.64 09/30/2025 763.43 763.43 288,001.28 288,001.28 737.34 0.00 737.34 737.34 288,738.62 288,738.62 85520LYE9 STARBIRD FUND 11/14/25 6,000,000.00 4.46 05/16/2025 11/14/2025 0.00 0.00 5,901,173.33 5,901,173.33 0.00 0.00 66,853.34 66,853.34 5,968,026.67 5,968,026.67 06741FYH4 BARCLAYS BNK PLC 11/17/25 6,500,000.00 4.48 05/16/2025 11/17/2025 0.00 0.00 6,390,074.17 6,390,074.17 0.00 0.00 72,756.67 72,756.67 6,462,830.83 6,462,830.83 91282CGV7 US TREASURY 3.750 04/15/26 6,500,000.00 3.96 04/16/2025 04/15/2026 61,270.49 0.00 6,489,726.24 6,483,242.22 0.00 0.00 3,281.90 13,710.91 6,493,008.13 6,496,953.13 9128282A7 US TREASURY 1.500 08/15/26 5,120,000.00 3.94 08/15/2025 08/15/2026 9,182.61 0.00 0.00 0.00 4,999,400.00 0.00 5,014,058.56 5,021,200.03 5,014,058.56 5,021,200.03 TOTAL 4.17 113,900.39 43,447.29 28,606,452.11 28,599,968.09 5,000,137.34 (7,277,512.97) (2,092,200.17) (2,074,629.70) 26,514,251.94 26,525,338.39 CONSTRUCTION FUNDS 2023 -CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,631,796.12 4.15 09/30/2025 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 TOTAL 4.15 81,461.90 81,461.90 7,550,334.22 7,550,334.22 81,461.90 0.00 81,461.90 81,461.90 7,631,796.12 7,631,796.12 CONSTRUCTION FUNDS 2023 -ROUND ROCK BRUSHY CREEK RUA | SEPTEMBER 30, 2025 26 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE TEXSTAR-RR TexStar Round Rock 7,178,224.36 4.15 09/30/2025 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 TOTAL 4.15 94,304.29 94,304.29 9,328,179.08 9,328,179.08 0.00 (2,149,954.72) (2,149,954.72) (2,149,954.72) 7,178,224.36 7,178,224.36 CONSTRUCTION FUNDS 2024 -LEANDER TEXSTAR-LD TexStar Leander 21,798,857.95 4.15 09/30/2025 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 TOTAL 4.15 232,677.54 232,677.54 21,565,680.41 21,565,680.41 233,177.54 0.00 233,177.54 233,177.54 21,798,857.95 21,798,857.95 CONSTRUCTION FUNDS 2024 -ROUND ROCK TEXSTAR-RR TexStar Round Rock 19,104,334.18 4.15 09/30/2025 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 TOTAL 4.15 203,916.17 203,916.17 18,899,918.01 18,899,918.01 204,416.17 0.00 204,416.17 204,416.17 19,104,334.18 19,104,334.18 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 19,975,702.89 4.15 09/30/2025 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 TOTAL 4.15 243,130.77 243,130.77 23,672,872.58 23,672,872.58 0.00 (3,697,169.69) (3,697,169.69) (3,697,169.69) 19,975,702.89 19,975,702.89 ESCROW FUNDS 2021 -CEDAR PARK X9USDDGCM DREYFUS GVT CM;INST 15,497,212.00 4.03 09/30/2025 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 TOTAL 4.03 162,160.63 162,404.79 15,334,807.21 15,334,807.21 162,404.79 0.00 162,404.79 162,404.79 15,497,212.00 15,497,212.00 LEANDER-ESFD24 BRUSHY CREEK RUA | SEPTEMBER 30, 2025 27 Change in Value IDENTIFIER ISSUER PAR VALUE YIELD TRADE DATE MATURITY DATE INTEREST ACCRUAL INTEREST RECEIVED BEGINNING BOOK VALUE BEGINNING MARKET VALUE PURCHASES/ADDITIONS REDEMPTIONS CHANGE IN BOOK VALUE CHANGE IN MARKET VALUE ENDING BOOK VALUE ENDING MARKET VALUE CCYUSD US DOLLAR 17,674,989.49 0.00 09/30/2025 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 TOTAL 0.00 0.00 0.00 17,674,989.49 17,674,989.49 0.00 0.00 0.00 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS 2550665125 Wells Fargo Analyzed Business Checking Plus PF 831,122.53 0.64 09/30/2025 1,289.61 1,289.61 779,857.75 779,857.75 51,264.78 0.00 51,264.78 51,264.78 831,122.53 831,122.53 TEXSTAR-MO TexStar Master Operating 3,533,377.44 4.15 09/30/2025 72,870.21 72,870.21 4,090,003.08 4,090,003.08 404,138.61 (960,764.25) (556,625.64) (556,625.64) 3,533,377.44 3,533,377.44 TOTAL 3.48 74,159.82 74,159.82 4,869,860.83 4,869,860.83 455,403.39 (960,764.25) (505,360.86) (505,360.86) 4,364,499.97 4,364,499.97 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 0.00 09/30/2025 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 TOTAL 0.00 0.00 0.00 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 12,687,611.00 12,687,611.00 GRAND TOTAL 3.32 1,261,677.07 1,191,468.13 164,599,369.86 164,592,885.84 6,950,876.78 (14,425,204.74) (7,289,152.50) (7,271,582.03) 157,310,217.36 157,321,303.81 Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. 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